Construction spending in November was at a seasonally adjusted annual rate of $975 billion, 0.3 percent below the October estimate of $977.7 billion, according to the U.S. Census Bureau.
The November figure represents a 2.4 percent increase from the November 2013 estimate of $952.5 billion.
During the first 11 months of 2014, construction spending was $884.6 billion, 5.7 percent above the $836.9 billion for the same period in 2013.
Private construction in November was at a seasonally adjusted annual rate of $697.7 billion, 0.3 percent above the October rate of $695.7 billion.
Public construction in November was at a seasonally adjusted annual rate of $277.3 billion, 1.7 percent below the October rate of $282 billion.
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